Analysts expect secondquarter profit of T236.1 bln
Q2 revenue jumps, beats market expectations
Stock price has surged on chip demand for AI applications
Earnings call at 0600 GMT on Thursday

TAIPEI, July 15 Reuters Taiwan Semiconductor Manufacturing Co, the main producer of advanced chips used in artificial intelligence applications, is expected to report a 30 rise in secondquarter profit on Thursday thanks to soaring demand.

The world39;s largest contract chipmaker, whose customers include Apple and Nvidia, has benefited from a surge towards AI that has pushed TSMC39;s stock and the broader Taiwan market  to record highs. Last week, its American Depositary Receipts topped a trillion dollar market value.

TSMC is set to report a net profit of T236.1 billion 7.25 billion for the quarter ended June 30, according to a LSEG SmartEstimate drawn from 20 analysts. SmartEstimates give greater weighting to forecasts from analysts who are more consistently accurate.

That estimate compares to the 2023 secondquarter net profit of T181.8 billion.

TSMC last week reported a jump in secondquarter revenue, comfortably beating market expectations.

I expect the third quarter outlook for all of their products to be very good, said President Capital Management Co Chairman Li Fangkuo.

TSMC, at its quarterly earnings call at 0600 GMT on Thursday, will update its outlook for the current quarter as well as for the full year, including its capital expenditure as it races to expand…